CEFA has filed a comment letter with the Securities and Exchange Commission on behalf of its members regarding proposed amendments to Form 13F. Some of the proposed changes would make it even harder to identify and communicate with shareholders. Read Comment Letter..
On July 10, 2020, the Securities and Exchange Commission (the “SEC”) put forth a proposal to amend the Form 13F reporting threshold from $100 million to $3.5 billion in market value of 13(f) securities. The public will now have 60 days to provide comments prior to any SEC approval.
The SEC adopted final rule and form amendments (the “Final Rules”) that modify the registration, offering, and communications processes currently used by registered closed-end management investment companies, including all types of continuously-offered closed-end funds. Read more to learn how the final rules impact your efforts.
The SEC proposed a new rule to codify fair valuation requirements for funds registered under the Investment Company Act of 1940. Rule 2a-5 (“Proposed Rule”) would be the first rule that establishes a comprehensive regulatory framework for fair valuing investments in good faith for which there are no readily available market quotations. Read more…